Notice of revision of consolidated performance forecast

Asahi Kasei Corp.

November 5, 2021

Security code: 3407

Notice of revision of consolidated performance forecast

The consolidated performance forecast for fiscal 2021 (April 1, 2021 - March 31, 2022) announced on May 13, 2021, has been revised as shown below based on recent performance trends.

1. Revision of consolidated forecast

				Net income
	Net sales	Operating	Ordinary	attributable to	Net income
	income	income	owners of the	per share
	(¥ million)
	(¥ million)	(¥ million)	parent	(¥)
				(¥ million)
Previous	2,375,000	190,000	196,000	155,000	111.71
forecast
Revised	2,453,000	213,100	222,000	185,500	133.69
forecast
Increase	78,000	23,100	26,000	30,500	-
Percent	+3.3%	+12.2%	+13.3%	+19.7%	-
change
cf. fiscal	2,106,051	171,808	178,036	79,768	57.49
2020

2. Reason for revision

Net sales, operating income, ordinary income, and net income attributable to owners of the parent are now each expected to exceed the previous forecast with first-half performance above expectations in all segments, notably in Material with semiconductor-related electronic materials and petrochemical market prices outpacing assumptions.

Note: This forecast is based on the best information available at this time, but actual outcomes may differ due to a variety of factors which cannot be foreseen.

For more information, please contact:

Asahi Kasei Corp.

Corporate Communications

Phone: [phone]

Fax: [phone]

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